Pensioners face steep travel insurance rises

by William ASTON on March 8, 2012

Pensioners holidaying overseas this summer face annual increases of anything up to an astonishing 90 per cent, with regards to the cost of travel insurance.

Steep rises in costs of healthcare in the US and certain parts of Europe have triggered a near-doubling of premiums for travel insurance in the space of just a year for those with certain medical conditions. This could add several hundred pounds to costs of holidays during an era where the elderly population has shown increasing signs of itchy feet, evidenced by the amount of those aged 75 or over going on long-haul trips having risen by at least 15 per cent over the past few recent years – according to industry estimates.

Pensioners that have been planning to holiday over in the US have been particularly hit by price rises as, for example, any 69-year-old suffering from diabetes and travelling across the Atlantic for a two-week jaunt would be required to shell out £248 for cover, which is noticeably higher that the £134 of 2011. An angina-ridden 79-year-old on the same trip will pay £576 this year, which represents a 90 per cent increase when compared to the £303 of last year.

Understandably, charities have slammed the increments as being a startling example of age discrimination. ABI, the Association of British Insurers, has cited hospitals in the US charging more for their services as the main cause of insurers having to push up premium costs.

Comments on this entry are closed.

Previous post: Royal wedding boosts Westminster Abbey visitor numbers

Next post: Airbus orders new wing crack repairs after design fault admittance